PTA futures have risen significantly in the past two days, coinciding with a week-long survey of companies involved in the PTA industry chain in Zhejiang province this week. The research object includes 1 large PTA production and chemical enterprises, 3 large chemical fiber production enterprises, more than 10 small and medium-sized chemical fiber production enterprises and textile city market. From the results of the survey of the companies visited, most companies believe that the polyester industry is currently in the boom cycle, and that multiple PTA futures are fundamentally supported.

According to the survey company, the current PTA inventory in Zhejiang is at an average level, with contracts accounting for about 80 %, totaling about 3-5 days. MEG's current inventory is also not high. Since about 70 % of it is contractual, the current inventory is also 3-5 days. The PTA processing fee is currently around 800 yuan per ton, and the judgment of the surveyed companies on the processing fee in the post-city is maintained at 700-800 yuan per ton.

From the cost point of view, Zhejiang companies surveyed believe that the current price center of PTA processing fees is about 800 yuan/ton, and this price is gradually accepted by the market. PTA processing fees will perform relatively steadily and well in the third quarter, and will not be lower than current levels. With the continuation of the de-inventory trend, the current PTA social inventory is still at a low level. In the third quarter, there were about 5 sets of PTA production lines with maintenance expectations. As long as a new line in the South does not drive, it is expected that the market will continue to inventory trends.

The chemical fiber companies surveyed generally believe that the current downstream polyester industry has recovered. Even if it has entered the off-season and sales have fallen, it still holds an optimistic view of the post-market.

The companies surveyed also said that the polyester industry began to "shuffle" last year, backward production capacity has been gradually phased out and transferred, real estate and population dividends have promoted the growth of the industry, the concentration of the industry has increased, and the cycle gap has narrowed. Especially optimistic about the second half of the polyester market, home textiles, clothing will become the growth point of demand.

A parent silk company said that at present, there is accumulation of stocks because the overall industry sales have fallen, the company does not actively reduce prices, the current inventory is at the high level of the industry, but 80 % of orders come from stable customers, so the inventory pressure is not small, the overall mood is optimistic.

The two chemical fiber producers said that the current inventory is at a low level. At the same time, the relevant person in charge said that there is no maintenance plan in the near future, and it is very optimistic about the post-market.